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Ethereum Price Prediction 2025: Navigating the Stormy Seas of Resistance and Support

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williamart808
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16 days agoSteemit

As Ethereum sits at the $3,000 mark, it feels like a ship in the doldrums, struggling against the winds of resistance at $3,100. The hourly chart reveals a battle unfolding, with a bearish trend line standing firm at $3,035, like a fortress guarding against further advances.

Despite the resistance, Ethereum finds solace near the 50% Fibonacci retracement level, a beacon of hope amidst the storm. But beneath the surface, trouble brews as it trades below the critical $3,120 mark and the 100-hourly Simple Moving Average, signaling a bearish trend.

Above, lie the peaks of $3,200 and $3,280, lofty summits waiting to be conquered. A breakthrough at $3,280 could unlock a path to greater heights, leading towards $3,500 and even $3,650, like treasures hidden in the clouds.

However, if Ethereum fails to breach the $3,100 barrier, it risks descending into darkness once more. Initial support awaits at $3,000, a comforting embrace amidst uncertainty. Further down lie key support zones at $2,900, $2,820, and potentially $2,600, with a looming threat of $2,550 in the near future.

As Ethereum charts its course through these turbulent waters, investors eagerly await its next move, hoping to ride the waves of opportunity towards a brighter tomorrow.

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